Reborn in America, I'm serious about making money.
Chapter 105 Taking Over More Tracks
Regardless of ethnicity, race, or East or West, what is the most attractive thing?
Of course, it's about getting rich overnight!
Since the last suspected corporate espionage incident, Zhang San has realized that the Internet has come into the sights of venture capitalists.
So, more people will soon be involved in the Internet. In that case, I should get a head start on a few tracks. Whether or not it will take off, at least I'll have a ticket to the game.
With this mindset, he began to take more action, setting up companies everywhere, recruiting people, and developing projects.
He has 800 overseas funds that provide venture capital to these small companies.
IOCQ is an instant messaging product created by Zhang San. His only goal is to create this product, then go public and raise money.
Zhang San never understood why mainland companies could dominate a region while North American companies would have to leave the market and be acquired by others.
If you were to launch a unified instant messaging service in North America, it would undoubtedly be a monopoly, no doubt about it. Moreover, this instant messaging service must be bundled with games, otherwise it won't make any money.
Zhang San's strategy at this time was simply to make a quick buck and then exit; the internet age, driven by Zhang San, arrived ahead of schedule.
In addition to this, there was also a photo-sharing website, which was prepared for Facebook later. Naturally, a photo-sharing website needs to be patented.
As for why I don't just launch Facebook, it's because the current hardware doesn't allow it. We haven't reached a point where everyone has a mobile phone and a digital camera yet, so it won't gain traction. It's better to wait until ten or twenty years from now.
Then there's the service website, PRICEONLINE, an online ticketing and hotel booking service website, which requires cooperation with airlines and various hotel service groups.
Naturally, a lot of money needs to be invested, but Zhang San should start by setting up the business, building up the teams, and having them travel around to attract investment.
He assembled a team with the aim of setting up these frameworks first; Zhang San is a person who loves meetings... Of course not, he just has no choice, how can he pass things down without meetings?
"We want to partner with these hotels, airlines, and other companies to help them attract more tourists during the off-season. I've come up with a system..."
"I call it the 'Name Your Own Price' system. Consumers list their desired airfare and hotel price online, and Priceline then searches its database for airlines or hotels willing to accept that price. In other words, it's essentially a 'reverse auction,' where buyers place their bids first, and then it checks if there are any sellers."
How did this system come about?
In his previous life, Zhang San had read some stories, news, or interesting anecdotes about Boss Li, including one such news item about Boss Li.
When the dot-com bubble burst, Li Ka-shing's Cheung Kong Holdings and Hutchison Whampoa invested US$7352 million to acquire a 17.54% stake in Priceline (later gradually increasing to over 30%), becoming Priceline's largest shareholder.
After taking over, Li Ka-shing immediately took personal charge—he personally stepped in—and began implementing reforms to reduce operating costs.
Priceline has laid off more than 30% of its staff, reduced its office space by 7%, and suspended the expansion of new businesses, focusing its efforts on airfare and hotel booking services.
In addition, the company has optimized its service quality, reducing the response time to customer orders from 1 hour to 15 minutes, and requiring 8% of emails to be replied to within 3 hours.
Ultimately, these measures helped Priceline weather the dot-com bubble and the subsequent market downturn following 9/11.
The reason this news story left a deep impression on him was that after successfully turning the company around, Mr. Li sold it off immediately, making less than $300 million.
When he saw the news, it was simply said that this was Mr. Li's mistake, but in his opinion, the strangeness of it all was simply unreasonable.
Mr. Li is known as a superman in Hong Kong, so his vision must be very long-term. How could he sell as soon as he makes a profit?
Is there any suspicion of self-degradation?
Shortly after Li Ka-shing sold Priceline, the listed company experienced a surge in its stock price, with its market capitalization exceeding $40 billion.
He was laughed at for a long time, making people think that even Superman makes mistakes.
Zhang San smiled at the time, but after he finished laughing, he realized that "there must be something fishy about this." So he studied the company's features and found its highlights, which were simply genius ideas. However, in this life, he directly created a similar one, PRICEONLINE (online pricing).
Moreover, he directly adopted the "self-pricing" system and applied for a patent.
"You need to understand this carefully, and then negotiate with the client. Good luck! Meeting adjourned."
Zhang San can only teach them this far; the rest is up to them.
In addition to these, he also gathered a group of film enthusiasts to create a film freshness website called "Rotten Persimmons," which is dedicated to evaluating whether a film is popular with audiences.
Of course, this website is divided into two parts: one for film critics and one for viewers, so there are two ratings.
Rotten Persimmons' rating of a film is based on the reviews of all certified film critics or ordinary viewers. The website will determine whether a film is good (fresh persimmon) or bad (rotten persimmon) based on the reviews of film critics or viewers.
If more than 60% of the reviews are positive, the work will be considered "fresh"; conversely, if less than 60% of the reviews are positive, the work will be labeled "rotten".
Meanwhile, Rotten Persimmons also has a certified fresh label, in which the freshness of a movie must reach at least 75%.
Zhang San created many websites across various industries. Why was he in such a hurry to create so many websites? It wasn't that he was too greedy; rather, he was extremely greedy.
He felt like he had transmigrated, and with so many good ideas in his head, if he didn't take them out and monetize them, was he supposed to wait until someone else had made them before begging them to invest?
He, Zhang San, isn't that despicable!
Even if you're asking someone for help, what if they're not very bright or have some kind of racially different viewpoint? Only by having something in your own hands can you better choose your partners.
Asking for help takes time, and negotiating takes time. If you have that time, you can figure it out yourself. Besides, let them know that you cast a wide net, that it's luck, the luck of casting a wide net.
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